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WILLIS TWRS WAT   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Investment income----------20.0035.0015.0018.0031.00
Commissions and fees9,352.009,039.008,513.008,202.007,887.003,809.003,767.003,633.003,458.003,414.00
Other income (loss)--------------7.004.002.00
Total Revenues9,352.009,039.008,513.008,202.007,887.003,829.003,802.003,655.003,480.003,447.00
Depreciation expense308.00240.00208.00203.00178.0095.0092.0094.0079.0074.00
Amortization of intangible assets462.00489.00534.00581.00591.0076.0054.0055.0059.0068.00
Goodwill impairment charge----------------492.000.00
Salaries and benefits5,507.005,249.005,123.004,967.004,849.002,303.002,314.002,207.002,475.002,087.00
General and administratives--------------------
Restructuring costs24.00----132.00193.00126.0036.00------
Other operating expenses(1,758.00)(1,719.00)(1,637.00)(1,534.00)(1,551.00)(718.00)(659.00)(636.00)(600.00)(656.00)
Net gain (loss) on disposal of operations------------------4.00
Gain on disposal of London headquarters--------------------
Regulatory settlements--------------------
Non-cash compensation-performance options--------------------
Transaction and integration expenses(110.00)(13.00)(202.00)(269.00)(177.00)(84.00)--------
Total operating expenses8,169.007,710.007,704.007,686.007,539.003,402.003,155.00(2,992.00)(3,705.00)(2,881.00)
Operating Income1,183.001,329.00809.00516.00348.00427.00647.00663.00(225.00)566.00
Interest expense244.00234.00208.00188.00184.00142.00135.00126.00128.00156.00
Loss on extinguishment of debt--------------(60.00)----
Make-whole on repurchase and redemption of senior notes and write-off of unamortized debt issuance costs------------------(171.00)
Premium on redemption of subordinated notes--------------------
Other income (expense), net399.00227.00250.00164.00178.0055.006.0022.0016.00--
Income from continuing operations before income taxes1,338.001,322.00851.00492.00342.00340.00518.00499.00(337.00)239.00
Income taxes318.00249.00136.00(100.00)(96.00)(33.00)159.00122.00101.0032.00
Minority interest--------------------
Interest in earnings of associates----------11.0014.00--5.0012.00
Income from continuing operations----------------(433.00)219.00
Discontinued operations------------------1.00
Consolidated Net income1,020.001,073.00715.00592.00438.00384.00373.00377.00(433.00)220.00
Net income attributable to noncontrolling interests24.0029.0020.0024.0018.0011.0011.0012.0013.0016.00
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS996.001,044.00695.00568.00420.00373.00362.00365.00(446.00)204.00
EARNINGS PER SHARE (BASIC) - Continuing operations----------------(6.83)3.10
earnings per share (Basic) - Discontinued operations------------------0.03
Net Earnings per share (Basic)7.688.055.294.213.075.495.405.53(6.83)3.13
EARNINGS PER SHARE (DILUTED) - Continuing operations----------------(6.83)3.05
earnings per share (Basic) - Discontinued operations------------------0.03
Net Earnings per share (Diluted)7.658.025.274.183.045.415.325.37(6.83)3.07
Weighted Average Shares Outstanding (Basic)130.00130.00131.00135.00137.0068.0067.0066.0065.3165.31
Weighted average shares outstanding (Basic)130.00130.00132.00136.00138.0069.0068.0068.0065.3166.44